
Abacus Group welcomes new CFO
- Abacus Group appointed Lawrence Wong as its new CFO to lead its corporate financial operations.
- The company's shares traded down at $1.02 following the management transition announcement.
- The leadership change aims to support the company's ongoing strategy of investing in Australian commercial property.
Abacus Group (ASX:ABG) has appointed Lawrence Wong as its new CFO to oversee its property investment portfolio.
The appointment follows the previous announcement that departing officer Evan Goodridge will transition to a related entity.
“Lawrence brings 30 years of senior finance and CFO experience across different industries, including property, professional services, financial services and energy,” said Abacus Group Managing Director Steven Sewell.
Wong will commence on Aug. 17 before assuming the executive role on Sept. 6.
Following the announcement, the Abacus Group share price was down at $1.02.
The ASX-listed real estate investment trust specialises in investing in core plus commercial property opportunities across Australia.
The Sydney-based company previously separated its self-storage business to focus primarily on commercial office towers and retail locations.